Hycroft Mining (HYMC) Corporate presentation summary

Asset overview and resource growth

• Hosts one of North America's largest gold and silver deposits, located in a Tier 1 jurisdiction with significant infrastructure and permitting in place.

• Resource base increased substantially from 2023 to 2026: measured and indicated gold up 55% to 16.41 Moz, silver up 56% to 562.6 Moz.

• Equivalent gold and silver ounces also saw significant increases, with gold equivalent up 51% and silver equivalent up 67%.

• New high-grade silver discoveries at Vortex and Brimstone drive resource growth and value.

• Less than 10% of the 64,000-acre land package has been explored, indicating strong upside potential.

Exploration and technical progress

• Ongoing and planned drill programs target expansion of high-grade silver systems, with up to five rigs operating in 2026.

• High-grade mineralization remains open along trends and at depth, with both open pit and underground mining optionality.

• Recent drill highlights include intercepts of up to 20,280 g/t Ag over 0.3m at Brimstone and 8.79 g/t AuEq over 6.1m at Vortex.

• Technical studies underway for sulfide milling, heap leach restart, and trade-off between roaster and POX processing.

• Next steps include PEA completion, further resource updates, and advancing to PFS/FS and construction.

Financial position and benchmarking

• Cash position of ~$194M unrestricted as of February 28, 2026, with no debt.

• Included in major silver indices and benchmarked among the largest global silver projects.

• Enterprise value/resource and in-situ value metrics are among the lowest in peer group, suggesting potential undervaluation.

• Resource per share metrics significantly above peer medians.